Agri-Food Technology Weekly

Financing in the field of agricultural technology

ThriveAgric Nigeria secures $56.4 million to accelerate expansion plans on the African continent. The startup aims to help Nigerian farmers access financing and sell their produce to corporate clients. The new funding will help ThriveAgric expand into markets such as Ghana, Kenya and Zambia.

Food tech financing

Turkish delivery/food delivery platform Getir announced that it has completed a $768 million Series E financing, becoming a “decacorn” with a valuation of $11.8 billion. Mubadala Petroleum, Abu Dhabi Growth Fund, Alpha Wave Global, Sequoia Capital and Tiger Global Management have invested in the company.

M&A and IPO

American agtech startup Sound Agriculture, in partnership with British oil giant Shell, will measure the economic and environmental impact of reducing agricultural nitrous oxide emissions, with a view to generating carbon credits.

Other news

According to Agfunder, the global agri-food tech industry received a record $51.7 billion in total investment in 2021, nearly double the previous year’s total.

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